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The Business Of Mining: Profits, Losses, Hobbies and Businesses

Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

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The Business of Mining: Financial Recoveries for Mandated Changes


True independence is rare among prospectors and miners. There is always someone or some agency that is telling the small-scale miner or prospector how to operate or requiring changes in their operations.

Mining Stock Quotes and Mineral & Metal Prices


Proposal Submitted for Lab at Homestake


Rapid City, S.D. (AP)—Scientists and a team of South Dakotans have submitted a $281 million, five-year plan to turn Homestake Mine in Lead into the world’s largest underground laboratory.

And the Survey Says...


A recent online survey on our homepage confirmed what we expected...

A Rich Gold Strike at Scossa


The old mining camp of Scossa, in Pershing County, Nevada, was located 6 miles from the nearby ghost camp of Rosebud and approximately 20 miles northeast of the once famous mining town of Seven Troughs. Fifty- two-year-old Charlie Scossa was already a seasoned prospector from California when he went in search of another rich strike in the high deserts of northwestern Nevada in 1930.

Melman on Gold & Silver


This past month was one that saw the emergence of a series of problems capable of inflicting true and serious damage to the world’s well being on a scale we have not witnessed since the late 1970s.

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The Bawl Mill   • Where To Find Diamonds   • Miners Find Encouraging Prospects Near Livengood   • Glen's Big Find   • Suction Dredge Study   • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I   • Beyond The End of The Road   • Barnes Store and Yankee Jims   • Mining Tax Increase Suggested   • Opening Ceremony for Buckhorn Mine   • Mining Journal Contest—How Much Is That Old Mining Journal Worth?   • Melman on Gold & Silver   • Mining Stock Quotes and Mineral & Metal Prices

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